Hyperscale Data (GPUS)
Market Price (6/15/2026): $0.162 | Market Cap: $61.7 MilSector: Industrials | Industry: Aerospace & Defense
Hyperscale Data (GPUS)
Market Price (6/15/2026): $0.162Market Cap: $61.7 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -138%, 3Y Excs Rtn is -174% | Penny stockMkt Price is 0.2 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -49% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 180% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -75% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -166% High stock price volatilityVol 12M is 156% Key risksGPUS key risks include [1] poor financial health with a high potential for bankruptcy, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -138%, 3Y Excs Rtn is -174% |
| Penny stockMkt Price is 0.2 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -49% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 180% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -75% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -166% |
| High stock price volatilityVol 12M is 156% |
| Key risksGPUS key risks include [1] poor financial health with a high potential for bankruptcy, Show more. |
Qualitative Assessment
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Updated on 6/12/2026
Hyperscale Data (GPUS) stock has lost about 15% since 2/28/2026 because of the following key factors:
1. Persistent net losses and liquidity challenges continued to impact investor confidence. The company reported a widened net loss of $32.5 million in fiscal Q1 2026, which ended March 31, 2026. This financial performance contributed to an InvestingPro analysis indicating that Hyperscale Data is "quickly burning through cash" and possesses a "WEAK financial health rating."
2. Significant share dilution occurred through an At-the-Market (ATM) offering during the period. Hyperscale Data sold approximately 137.6 million shares of its common stock under an ATM offering, generating $24.7 million in gross proceeds at an average price of about $0.1793 per share through May 27, 2026. Although the company terminated the ATM agreement on May 28, 2026, the prior issuance of shares contributed to downward pressure on the stock price.
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Hyperscale Data (GPUS) stock has lost about 15% since 2/28/2026 because of the following key factors:
1. Persistent net losses and liquidity challenges continued to impact investor confidence. The company reported a widened net loss of $32.5 million in fiscal Q1 2026, which ended March 31, 2026. This financial performance contributed to an InvestingPro analysis indicating that Hyperscale Data is "quickly burning through cash" and possesses a "WEAK financial health rating."
2. Significant share dilution occurred through an At-the-Market (ATM) offering during the period. Hyperscale Data sold approximately 137.6 million shares of its common stock under an ATM offering, generating $24.7 million in gross proceeds at an average price of about $0.1793 per share through May 27, 2026. Although the company terminated the ATM agreement on May 28, 2026, the prior issuance of shares contributed to downward pressure on the stock price.
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Stock Movement Drivers
Fundamental Drivers
The -13.6% change in GPUS stock from 2/28/2026 to 6/14/2026 was primarily driven by a -89.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.18 | 0.15 | -13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 95 | 121 | 28.0% |
| P/S Multiple | 0.1 | 0.5 | 562.1% |
| Shares Outstanding (Mil) | 39 | 381 | -89.8% |
| Cumulative Contribution | -13.6% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| GPUS | -13.6% | |
| Market (SPY) | 8.4% | 27.2% |
| Sector (XLI) | -0.3% | 13.7% |
Fundamental Drivers
The -48.8% change in GPUS stock from 11/30/2025 to 6/14/2026 was primarily driven by a -89.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.30 | 0.15 | -48.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 95 | 121 | 28.0% |
| P/S Multiple | 0.1 | 0.5 | 292.2% |
| Shares Outstanding (Mil) | 39 | 381 | -89.8% |
| Cumulative Contribution | -48.8% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| GPUS | -48.8% | |
| Market (SPY) | 9.2% | 23.0% |
| Sector (XLI) | 15.3% | 13.1% |
Fundamental Drivers
The -97.1% change in GPUS stock from 5/31/2025 to 6/14/2026 was primarily driven by a -98.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.36 | 0.15 | -97.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 93 | 121 | 29.8% |
| P/S Multiple | 0.4 | 0.5 | 34.6% |
| Shares Outstanding (Mil) | 6 | 381 | -98.3% |
| Cumulative Contribution | -97.1% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| GPUS | -97.1% | |
| Market (SPY) | 27.3% | 24.8% |
| Sector (XLI) | 25.0% | 17.5% |
Fundamental Drivers
The -100.0% change in GPUS stock from 5/31/2023 to 6/14/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 9747.50 | 0.15 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 121 | 121 | 0.1% |
| P/S Multiple | 0.1 | 0.5 | 349.5% |
| Shares Outstanding (Mil) | 0 | 381 | -100.0% |
| Cumulative Contribution | -100.0% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| GPUS | -100.0% | |
| Market (SPY) | 84.5% | 4.3% |
| Sector (XLI) | 90.2% | 5.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GPUS Return | -73% | -90% | -100% | -94% | -96% | -8% | -100% |
| Peers Return | 74% | -59% | 207% | 9% | 15% | 74% | 377% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| GPUS Win Rate | 25% | 17% | 17% | 17% | 8% | 33% | |
| Peers Win Rate | 62% | 31% | 73% | 53% | 57% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GPUS Max Drawdown | -85% | -93% | -100% | -94% | -98% | -66% | |
| Peers Max Drawdown | -44% | -66% | -41% | -43% | -45% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HUT, MARA, RIOT, DLR, EQIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | GPUS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.2% | -18.8% |
| % Gain to Breakeven | 128.5% | 23.1% |
| Time to Breakeven | 5 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -46.7% | -3.7% |
| % Gain to Breakeven | 87.8% | 3.9% |
| Time to Breakeven | 176 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.5% | -12.2% |
| % Gain to Breakeven | 94.2% | 13.9% |
| Time to Breakeven | 159 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.8% | -6.8% |
| % Gain to Breakeven | 192.7% | 7.3% |
| Time to Breakeven | 421 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -11.5% | -0.2% |
| % Gain to Breakeven | 13.0% | 0.2% |
| Time to Breakeven | 4 days | 1 days |
In The Past
Hyperscale Data's stock fell -56.2% during the 2025 US Tariff Shock. Such a loss loss requires a 128.5% gain to breakeven.
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| Event | GPUS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.2% | -18.8% |
| % Gain to Breakeven | 128.5% | 23.1% |
| Time to Breakeven | 5 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -46.7% | -3.7% |
| % Gain to Breakeven | 87.8% | 3.9% |
| Time to Breakeven | 176 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.5% | -12.2% |
| % Gain to Breakeven | 94.2% | 13.9% |
| Time to Breakeven | 159 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.8% | -6.8% |
| % Gain to Breakeven | 192.7% | 7.3% |
| Time to Breakeven | 421 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -64.8% | -53.4% |
| % Gain to Breakeven | 184.0% | 114.4% |
| Time to Breakeven | 232 days | 1085 days |
In The Past
Hyperscale Data's stock fell -56.2% during the 2025 US Tariff Shock. Such a loss loss requires a 128.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hyperscale Data (GPUS)
Hyperscale Data, Inc., through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts. It also provides consumer electronic retail karaoke products; commercial loans, convertible notes, and revolving lines of credit; and digital currencies mining operations and colocation and hosting services, as well as operates data centers; and bitcoin mining and colocation and hosting services. In addition, the company engages in the design, development, manufacture, and sale of power conversion and system solutions for mission-critical applications and processes; designs, manufactures, and distributes electronics equipment, automated test solutions, power electronics, supply and distribution solutions, as well as radio, microwave and millimeter wave communication systems and components. The company sells its products directly and indirectly through its sales force, as well as through manufacturer representatives and distributors. It serves metaverse platform, crane services, oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, and textiles industries. The company was formerly known as Ault Alliance, Inc. and changed its name to Hyperscale Data, Inc. in January 2023. Hyperscale Data, Inc. was incorporated in 1969 and is headquartered in Las Vegas, Nevada.
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Here are 1-3 brief analogies for Hyperscale Data (GPUS):
- It's like a small, modernized General Electric, operating everything from Bitcoin mining and metaverse platforms to industrial electronics and financial services.
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Hyperscale Data (GPUS) offers a diverse range of products and services:
- Military Market Solutions: Provides customized solutions tailored for military markets in various regions.
- Lifting Services: Offers specialized lifting services to different industries.
- Digital Entertainment & Metaverse Services: Operates virtual markets, gaming platforms, sweepstakes, contests of skill, private digital spaces, and facilitates socialization, connectivity, and real/virtual concerts.
- Financial Services: Provides commercial loans, convertible notes, and revolving lines of credit.
- Blockchain & Data Center Services: Conducts digital currency and Bitcoin mining operations, alongside colocation, hosting services, and data center management.
- Consumer Electronic Retail Karaoke Products: Manufactures and sells consumer electronic karaoke products.
- Power Conversion & System Solutions: Designs, develops, manufactures, and sells power conversion and system solutions for mission-critical applications.
- Electronic Equipment & Communication Systems: Designs, manufactures, and distributes electronics equipment, automated test solutions, power electronics, and radio/microwave communication systems.
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The company, Hyperscale Data, Inc. (symbol: GPUS), sells primarily to other companies (B2B). Based on the provided description, the company's major customers operate within the following industries:- Military markets
- Metaverse platforms
- Crane services
- Oil exploration
- Defense/aerospace
- Industrial
- Automotive
- Medical/biopharma
- Consumer electronics
- Textiles industries
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William B. Horne, Chief Executive Officer, Vice ChairmanWilliam B. Horne has served as the Chief Executive Officer and Vice Chairman of Hyperscale Data, Inc. since 2021. He previously held the position of CEO at BitNile, Inc.. Horne has also been a Director at Gresham Worldwide, Inc. since 2007 and served as Chief Executive Officer and Director at Ault Disruptive Technologies Corp. from 2021 to 2024. He was also the Vice Chairman and Chief Financial Officer at Ault & Co., Inc. from 2017 to 2021. His personal beneficial ownership in Hyperscale Data is described as de minimis.
Kenneth S. Cragun, Chief Financial Officer
Kenneth S. Cragun has served as the Chief Financial Officer for Hyperscale Data, Inc. since August 2020.
Milton "Todd" Ault, III, Founder, Executive Chairman
Milton "Todd" Ault, III is the Founder and Executive Chairman of Hyperscale Data, Inc.. He is expected to resign from his executive role as Executive Chairman but will remain a director upon the planned divestiture of Ault Capital Group, Inc. (ACG), which is anticipated by December 31, 2025, or in the second quarter of 2026. Following this divestiture, Ault intends to focus on leading ACG, which includes private credit, an AI software platform, social gaming, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations. His family's holding company, Ault & Company, Inc., is the largest stockholder of Hyperscale Data.
Henry Nisser, President, General Counsel, Director
Henry Nisser has served as the President of Hyperscale Data, Inc. since January 2021 and as General Counsel since April 2019. He is also a Director of the company.
Jean Ho, Chief Accounting Officer
Jean Ho holds the position of Chief Accounting Officer at Hyperscale Data, Inc.
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The key risks to Hyperscale Data (GPUS) include:
-
Extreme Diversification and Potential Lack of Focus: Hyperscale Data operates across an exceptionally broad range of disparate industries, including lifting services, metaverse platforms, cryptocurrency mining, commercial lending, and defense electronics. This extensive diversification may lead to a lack of strategic focus, dilution of resources, and challenges in developing deep expertise or achieving market leadership in any single area. Managing such a wide array of distinct businesses can result in operational inefficiencies and hinder overall strategic execution.
-
Exposure to Volatile Cryptocurrency Markets: The company is engaged in digital currencies mining operations, including Bitcoin mining, as well as colocation and hosting services for these activities. The profitability of these operations is highly dependent on the volatile prices of cryptocurrencies, changes in mining difficulty, and fluctuations in energy costs. The unpredictable nature of the cryptocurrency market presents a significant financial risk to the company's revenue and profitability.
-
Intense Competition Across Multiple Industries: Due to its highly diversified business model, Hyperscale Data faces stiff competition from specialized and often larger competitors in each of its operational segments. Whether in crane services, metaverse development, financial services, or electronics manufacturing, the company must contend with established players and rapidly evolving market dynamics, which could impede its ability to gain market share, sustain growth, and maintain profitability across its numerous ventures.
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Increasing regulatory scrutiny and environmental concerns surrounding Proof-of-Work cryptocurrency mining pose a significant emerging threat to Hyperscale Data's digital currency mining operations. Potential governmental bans, heavy taxation, or shifts in energy policy could severely impact the profitability and viability of this segment.
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Hyperscale Data (GPUS) operates in several diverse and growing markets. Below are the estimated addressable market sizes for some of their main products and services:
-
Military and Defense Markets:
- The global defense market was valued at approximately USD 510 billion in 2024 and is anticipated to exceed USD 770 billion by 2031.
- The global aerospace and defense market is estimated to be valued at USD 918.08 billion in 2026 and is expected to reach USD 1614.68 billion by 2033.
-
Metaverse and Online Gaming:
- The global metaverse market size was valued at USD 124.17 billion in 2024 and is projected to grow to USD 4256.1 billion by 2033. North America held the largest share of the metaverse market in 2024, accounting for 42.8%.
- The global online gaming market size was valued at approximately USD 208.58 billion in 2024 and is projected to reach USD 333.20 billion by 2030. Asia Pacific accounted for the largest revenue share in the online gaming market, exceeding 40% in 2024.
-
Digital Currencies Mining and Data Center Colocation:
- The global data center colocation market was valued at USD 130.22 billion in 2024 and is projected to grow to USD 569.58 billion by 2034. North America held the largest share of the data center colocation market, at 39.0% in 2024.
- The global cryptocurrency mining market is projected to grow from USD 4.66 billion in 2024 to USD 14.09 billion by 2035. North America generated the largest portion of the worldwide cryptocurrency mining market.
-
Power Conversion and Electronic Equipment:
- The global power electronics market size was valued at USD 38.12 billion in 2023 and is projected to reach USD 53.66 billion by 2030. The Asia Pacific power electronics market dominated the global market with a revenue share of 40.5% in 2023.
- The global automated test equipment market size was valued at USD 7,749.8 million in 2024 and is projected to reach USD 10,192.4 million by 2030. Asia Pacific dominated the automated test equipment market with the largest revenue share of 52.32% in 2024.
- The global land mobile radio system market size was valued at USD 32.36 billion in 2024 and is estimated to reach USD 74.92 billion by 2033. North America dominated the land mobile radio system market in 2024.
- The global terrestrial trunked radio (TETRA) market size was valued at USD 4.82 billion in 2024 and is projected to grow to USD 10.71 billion by 2030. North America dominated the global terrestrial trunked radio industry with a revenue share of 37.8% in 2024.
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Expected Drivers of Future Revenue Growth for Hyperscale Data (GPUS)
Over the next 2-3 years, Hyperscale Data (GPUS) is expected to drive future revenue growth through several key initiatives and market trends, primarily focusing on its strategic shift towards artificial intelligence (AI) data center operations and expanding its high-margin platforms. The company projects an 80%-100% year-over-year revenue growth for fiscal year 2026, targeting $180 million to $200 million.
- Expansion and Enhanced Utilization of AI Data Center Infrastructure: Hyperscale Data is strategically focusing on the rapidly growing AI data center market. The company plans a significant tenfold expansion of its Michigan AI data center's capacity, from approximately 30 megawatts (MW) to around 300 MW, pending regulatory approvals and funding. This expansion is designed to meet escalating demand for data processing power driven by AI technologies and high-performance computing (HPC) capabilities.
- Full-Year Contribution and Integration of Ballista Group: A significant driver for anticipated revenue growth in 2026 is the full-year contribution from Ballista. Management expects Ballista to generate approximately $40 million in revenue in 2026, a substantial increase compared to its partial contribution in the fourth quarter of 2025.
- Growth in Lending Services through Ault Lending: The company's Ault Lending arm is projected to contribute a notable $20 million to $30 million towards total revenue in 2026. This highlights the continued importance of its financial services segment in its diversified revenue streams.
- Expansion of Software and Blockchain Infrastructure Offerings within Digital Ecosystems: Hyperscale Data anticipates expanded revenue from its software platforms, blockchain infrastructure, and broader digital ecosystem initiatives. These areas are identified by management as higher-margin drivers that will contribute to an evolving revenue mix and support overall margin improvement. The company's anchoring by Bitcoin and ongoing capital expenditures in Bitcoin operations also fall under this strategic focus.
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<h2>Capital Allocation Decisions for Hyperscale Data (GPUS)</h2>
<h3>Share Repurchases</h3>
<ul>
<li>Ault Alliance (now Hyperscale Data) authorized a stock repurchase program in December 2021 for up to $50 million of common stock, with the company anticipating its utilization starting in February 2024.</li>
<li>In November 2023, the company intended to launch an exchange offer to acquire up to 60,000,000 shares of common stock for up to $15 million in Series D Preferred Shares, with the aim of reducing the total share count.</li>
<li>In March 2023, Ault Alliance announced a plan to buy back up to 333,333,333 common shares at an effective price of $0.15 per share through an exchange offer for Series H Preferred Stock.</li>
</ul>
<h3>Share Issuance</h3>
<ul>
<li>In December 2025, Hyperscale Data established an "at-the-market" (ATM) equity offering program to sell up to $50 million of its common stock.</li>
<li>On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders and Series C Preferred Stock holders, related to a planned divestiture.</li>
<li>An affiliate, Ault & Company, invested $55 million in Hyperscale Data by September 2025, through the purchase of Series C convertible preferred stock and warrants, with an authorized potential investment of up to $75.0 million.</li>
</ul>
<h3>Inbound Investments</h3>
<ul>
<li>Ault & Company, an affiliate, invested $55 million in Hyperscale Data by September 2025, through the purchase of Series C convertible preferred stock and warrants.</li>
<li>In January 2025, Ault & Company secured rights to purchase up to $25 million in Hyperscale Data's Series G Convertible Preferred Stock.</li>
</ul>
<h3>Outbound Investments</h3>
<ul>
<li>Hyperscale Data is pursuing a $100 million Bitcoin treasury strategy, holding approximately $70.5 million worth of Bitcoin by December 2025.</li>
<li>The company plans to divest Ault Capital Group (ACG), with a targeted completion in the first quarter of 2027 (previously Q4 2025 or Q2 2026), to focus on its AI data center business.</li>
<li>In October 2025, the company announced plans to distribute a special one-time dividend of 20 million shares of its Class B Common Stock to eligible shareholders.</li>
</ul>
<h3>Capital Expenditures</h3>
<ul>
<li>Hyperscale Data is undertaking a major expansion of its Michigan data center, aiming to increase its capacity from approximately 30 MW to 300 MW, with a primary focus on AI data center operations.</li>
<li>Capital expenditures for the 12 months prior to December 2025 were -$6.15 million, indicating a net cash outflow for property, plant, and equipment.</li>
<li>In October 2025, the company ordered 1,000 Bitmain Antminer S21+ units and plans to install up to 5,000 S21+ as part of an upgrade to its Bitcoin mining infrastructure.</li>
</ul>Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Hyperscale Data Earnings Notes | 12/16/2025 | |
| Day 8 of Loss Streak for Hyperscale Data Stock with -49% Return (vs. -93% YTD) [10/17/2025] | 10/18/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 72.73 |
| Mkt Cap | 11.2 |
| Rev LTM | 761 |
| Op Inc LTM | -99 |
| FCF LTM | -906 |
| FCF 3Y Avg | -292 |
| CFO LTM | -96 |
| CFO 3Y Avg | -59 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 26.5% |
| Rev Chg 3Y Avg | 23.8% |
| Rev Chg Q | 13.0% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | -23.6% |
| Op Inc Chg 3Y Avg | -17.4% |
| Op Mgn LTM | -48.9% |
| Op Mgn 3Y Avg | -39.5% |
| QoQ Delta Op Mgn LTM | -3.2% |
| CFO/Rev LTM | -47.6% |
| CFO/Rev 3Y Avg | -37.7% |
| FCF/Rev LTM | -111.5% |
| FCF/Rev 3Y Avg | -81.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.2 |
| P/S | 10.5 |
| P/Op Inc | -3.4 |
| P/EBIT | -1.8 |
| P/E | -1.6 |
| P/CFO | -3.7 |
| Total Yield | -5.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -21.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.5% |
| 3M Rtn | 30.2% |
| 6M Rtn | 32.2% |
| 12M Rtn | 14.4% |
| 3Y Rtn | 70.5% |
| 1M Excs Rtn | 8.4% |
| 3M Excs Rtn | 18.2% |
| 6M Excs Rtn | 23.8% |
| 12M Excs Rtn | -9.1% |
| 3Y Excs Rtn | 0.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 45 | 48 | 50 | 3 | |
| Sentinum, Inc. (Sentinum) | 23 | 31 | |||
| Ault Global Real Estate Equities, Inc (AGREE) | 19 | 18 | 0 | ||
| TurnOnGreen | 7 | 5 | 4 | 6 | 5 |
| Gresham Worldwide, Inc. (GWW) | 3 | ||||
| Holding Co. | 3 | 3 | 0 | 0 | |
| Fintech | 2 | 2 | -2 | 37 | 17 |
| RiskOn International, Inc. (ROI) | 0 | 0 | 0 | ||
| Ault Disruptive | 0 | 0 | |||
| Giga-tronics Incorporated (GIGA) | 38 | 30 | 26 | ||
| Sentinum | 35 | 18 | 4 | ||
| Singing Machine Company, Inc. (SMC) | 32 | 24 | |||
| Total | 102 | 107 | 156 | 118 | 52 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 7 | -2 | -51 | -1 | |
| Ault Global Real Estate Equities, Inc (AGREE) | 0 | -9 | -0 | ||
| Gresham Worldwide, Inc. (GWW) | 0 | ||||
| Fintech | -2 | 9 | -3 | 4 | 4 |
| TurnOnGreen | -2 | -4 | -4 | -4 | -2 |
| Sentinum, Inc. (Sentinum) | -14 | -13 | |||
| RiskOn International, Inc. (ROI) | -21 | -24 | -44 | ||
| Holding Co. | -32 | -15 | -27 | -28 | -21 |
| Ault Disruptive | -1 | -1 | -0 | ||
| Giga-tronics Incorporated (GIGA) | -12 | -14 | -1 | ||
| Sentinum | -3 | -92 | 2 | ||
| Singing Machine Company, Inc. (SMC) | -7 | -5 | |||
| Total | -62 | -57 | -154 | -139 | -18 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sentinum, Inc. (Sentinum) | 89 | 35 | 60 | ||
| Ault Global Real Estate Equities, Inc (AGREE) | 66 | 69 | 91 | 94 | |
| Holding Co. | 56 | 60 | 44 | 16 | |
| Gresham Worldwide, Inc. (GWW) | 41 | ||||
| Energy | 41 | 46 | 51 | 96 | 58 |
| Fintech | 6 | 7 | 17 | 83 | 81 |
| TurnOnGreen | 3 | 3 | 5 | 7 | 5 |
| RiskOn International, Inc. (ROI) | 1 | 1 | 10 | ||
| Ault Disruptive | 2 | 119 | 119 | ||
| Singing Machine Company, Inc. (SMC) | 0 | 28 | |||
| Assets of discontinued operations | 98 | ||||
| Giga-tronics Incorporated (GIGA) | 39 | 34 | |||
| Sentinum | 76 | 100 | |||
| Total | 304 | 220 | 280 | 562 | 490 |
Price Behavior
Price Behavior
| Market Price | $0.15 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -96.6% | |
| 50 Days | 200 Days | |
| DMA Price | $0.15 | $0.27 |
| DMA Trend | down | down |
| Distance from DMA | 0.8% | -41.8% |
| 3M | 1YR | |
| Volatility | 147.3% | 147.1% |
| Downside Capture | 552.78 | 627.45 |
| Upside Capture | 317.76 | 61.13 |
| Correlation (SPY) | 26.7% | 24.9% |
GPUS Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.20 | 2.05 | 1.88 | 2.22 | 2.94 | 0.78 |
| Up Beta | -2.30 | 0.98 | 1.30 | 2.34 | 3.11 | 0.37 |
| Down Beta | -16.39 | -15.19 | -1.96 | 0.90 | 2.31 | 1.49 |
| Up Capture | 651% | 417% | 330% | 188% | 9% | -7% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 19 | 28 | 50 | 95 | 279 |
| Down Capture | 380% | 751% | 304% | 250% | 219% | 114% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 21 | 34 | 73 | 151 | 457 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -96.8% | 156.2% | -1.43 | - |
| Sector ETF (XLI) | 23.9% | 16.2% | 1.14 | 17.5% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 25.2% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 9.3% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | 1.1% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 4.5% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 25.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -95.5% | 246.3% | -0.68 | - |
| Sector ETF (XLI) | 12.7% | 17.5% | 0.56 | 9.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 9.5% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 10.0% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 1.9% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 6.6% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 11.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -87.4% | 235.8% | -0.22 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 9.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 9.2% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 5.4% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 3.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 5.1% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 15.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -0.4% | -12.5% | 28.0% |
| 3/11/2026 | -5.9% | -5.6% | -8.7% |
| 8/4/2025 | -4.4% | -8.4% | -42.6% |
| 6/9/2025 | -3.9% | -57.7% | -75.9% |
| 3/3/2025 | -2.9% | -18.6% | -25.6% |
| 8/19/2024 | -7.1% | -4.1% | -12.6% |
| 5/21/2024 | -20.8% | -29.9% | -39.8% |
| 2/28/2024 | -9.7% | -19.0% | -23.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 1 |
| # Negative | 12 | 13 | 14 |
| Median Positive | 3.6% | 17.6% | 28.0% |
| Median Negative | -5.8% | -14.3% | -27.5% |
| Max Positive | 11.5% | 24.0% | 28.0% |
| Max Negative | -20.8% | -57.7% | -75.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/18/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/17/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/21/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Ault Lending Revenue | 10.00 Mil | Higher New | |||||
| 2026 Revenue | 180.00 Mil | 190.00 Mil | 200.00 Mil | 90.0% | Higher New | Actual: 100.00 Mil for 2025 | |
| 2026 Revenue Growth | 80.0% | 90.0% | 100.0% | Higher New | |||
| 2026 Ballista Contribution | 40.00 Mil | Higher New | |||||
| 2026 New Initiatives Revenue | 24.00 Mil | 34.00 Mil | 44.00 Mil | Higher New | |||
| 2026 Ault Lending Revenue | 20.00 Mil | 25.00 Mil | 30.00 Mil | Higher New | |||
Insider Activity
Updated 5/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 5202026 | 0.13 | 397,500 | 52,390 | 87,818 | Form |
| 2 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 5202026 | 0.13 | 100,000 | 13,430 | 349,181 | Form |
| 3 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 1022026 | 0.18 | 1,000,000 | 182,900 | 457,251 | Form |
| 4 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 1022026 | 0.18 | 48,800 | 8,965 | 49,379 | Form |
| 5 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 1022026 | 0.19 | 60,000 | 11,544 | 42,328 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/14/2026